The global Automotive Aluminum Market is estimated to be valued at USD 40.62 billion in 2021 and is expected to exhibit a CAGR of 12.80% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

The automotive aluminum market is witnessing high growth due to the increasing demand for lightweight vehicles and the growing preference for electric vehicles. Aluminum is used extensively ... Read more

Automotive aluminum is lightweight and high-strength metal increasingly being preferred for automobile manufacturing. It offers significant advantages of weight reduction and corrosion resistance for automotive structures and components like engine block, wheels, suspension parts and exterior body panels. The growing demand for fuel-efficient and emission compliant vehicles has accelerated the adoption of aluminum instead of conventional steel.

The global automotive aluminum market ... Read more

Automotive aluminum is a lightweight metal primarily used in passenger vehicles and commercial vehicles to enhance fuel efficiency and performance. Automotive aluminum finds wide applications in powertrains, wheels, body structures, casing, and heat shields to reduce the overall weight of vehicles. The benefits offered by automotive aluminum such as better corrosion resistance, high strength-to-weight ratio, excellent formability, and durability compared to steel are primarily driving its ... Read more